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Fiber Industries Hires its First Chief Sustainability Officer

Fiber Industries, a leading US fiber manufacturer known for cutting-edge and innovative market leading solutions for the fabric, garment, and fashion industry announced today that George Bandy, Jr. has joined the organization as its Chief Sustainability Officer. Bandy has more than 25 years of experience in the sustainability field. His expertise will help Fiber Industries reach its short-term and long-term sustainability goals.   “George is a seasoned sustainability leader who will bring a wealth of knowledge and valuable industry relationships to Fiber Industries,” said Don Bockoven, CEO of Fiber Industries. “Our company has made significant strides over the last few years by embracing new ideas and leading the quality fiber...

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Black Asset Managers and the Fight for Investment Capital

Whether working in academia, a municipal, state or federal department or within Corporate America, Black employees contributing to their retirement plans have one thing in common: their retirement assets are managed almost entirely by people who look nothing like them. And this longstanding dynamic is draining wealth from Black communities. The asset management industry, one of the remaining bastions of the old boy network, is not only frighteningly non-diverse at the upper levels, but those professionals of color within the industry find themselves struggling to raise capital from institutional pension plans – often in spite of equal or superior performance to their white competitors. The public...

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Black Renters Can’t Afford 93% of Zip Codes In Top U.S. Cities: Report

New research revealed that over 90% of neighborhoods in America's major cities were unaffordable for Black residents before the COVID-19 pandemic. This data comes from the National Equity Atlas, a research initiative focused on racial and economic equity, and shared exclusively with The Guardian on Tuesday (May 10). Researchers found that Black renters couldn't afford to live in 93% of zip codes in the Top 100 U.S. metropolitan areas in 2019, while 69% of those zip codes were affordable to white households. Reporters say 48 zip codes metro areas had no zip codes that were affordable to Black tenants. The situation is especially dire in California, homelessness and affordable housing have...

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Senate Confirms Lisa Cook As First Black Woman To Serve On Federal Reserve

Photo: Getty Images By Zuri Anderson, Black Information Network The U.S. Senate confirmed Lisa DeNell Cook, an established economist and researcher, to the Federal Reserve's Board of Governors Tuesday night (May 10), per NBC News. This makes her the first Black woman to serve on the panel in its 108-year history. Vice President Kamala Harris was reportedly the tie-breaker after senators voted 50-50 along party lines. "As President Biden said today, addressing inflation remains a top priority of the Biden-Harris Administration, as we work to lower costs for hardworking families," a White House official said in a statement. "It is important to have a fully-staffed Federal Reserve who can take on these challenges...

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Denny’s Board Chair Brenda Lauderback Receives the President’s Lifetime Achievement Award from The White House

Denny's is pleased to announce The White House awarded Brenda Lauderback, Chair of Denny's Board of Directors, its President's Lifetime Achievement Award. Ms. Lauderback is receiving this presidential recognition for her decades-long commitment to building stronger communities through volunteerism. This is the highest civil volunteerism award that's presented by the President of the United States. Congressman James E. Clyburn (D.-S.C.) and Charleston Mayor John Tecklenburg attended and Dr. Kim Cliett Long presented the award on behalf of the President's Council on Service and Civic Participation and the Office of the President of the United States. Ms. Lauderback was nominated for the award by Mr. Jonathan Green, renowned artist and City of Charleston Ambassador for the Arts. "I'm honored for...

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Karine Jean-Pierre Selected as First Black White House Press Secretary

By Stacy M. Brown, NNPA Newswire Senior National Correspondent Karine Jean-Pierre, whose long career in Democratic communications led her to the podium last year as the second Black woman to hold a White House daily briefing, will regularly host those news conferences. On Thursday, May 5, President Joe Biden announced that he has selected the Martinique native as his next White House press secretary. “Karine not only brings the experience, talent, and integrity needed for this difficult job, but she will continue to lead the way in communicating about the work of the Biden-Harris Administration on behalf of the American people,” Biden said in a statement....

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Study Shows Black Farmers Lost $326 Billion Worth Of Land Over Decades

Zuri Anderson, Black Information Network A new study is highlighting how state-sanctioned discrimination has financially disenfranchised Black farmers for generations. Black farmers lost over $326 billion worth of land during the 20th century, according to research published Sunday (May 1) in the American Economic Association’s Papers and Proceedings journal, per Reuters. Researchers found that racial discrimination and violence permitted by state laws ultimately led to a steep decline in Black-owned acreage between 1922 and 1977. They reportedly analyzed U.S. Department of Agriculture census data to determine their findings. Land ownership can provide ample opportunities to build wealth in the United States and can address the racial wealth gap separating most...

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Biden Pardons First-Ever Black Secret Service Agent

Photo: Getty Images Black Information Network The first Black Secret Service agent, who served under John F. Kennedy, became one of the first pardons Joe Biden granted as president on Tuesday (April 26).  Abraham Bolden Sr., the first Black agent to work on a presidential detail, along with two others, were granted pardons amid Clemency and Second Chance Month. Bolden, now 86-years-old, was accused of selling a copy of a Secret Service file for $50,000 and charged with federal bribery during the Kennedy administration.  Charges were brought against the former Secret Service agent after he reported his colleagues for drinking while working, chasing women, and neglecting their security responsibilities, Daily Mail reports....

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Joe Dumars named Executive Vice President, Head of Basketball Operations for NBA

NEW YORK – The National Basketball Association (NBA) announced today that Joe Dumars, a Hall of Fame player, distinguished team executive and NBA champion with more than 30 years of experience in the league, has been appointed Executive Vice President, Head of Basketball Operations.  Dumars will begin with the league office on May 9 and report to Byron Spruell, President, League Operations. In his new role, Dumars will oversee all Basketball Operations matters for the NBA, including the development of playing rules and interpretations, conduct and discipline, and policies and procedures relating to the operation of games.  He will engage with players, coaches, team executives, officials and...

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Internationally Recognized Civil Rights Attorney Elected to Lead Georgia NAACP

President-Elect Gerald A. Griggs: “The NAACP is back. The monster has awakened, and we will be on the front lines fighting for voting rights, justice, and accountability. When Black people and minorities’ rights are violated, expect to hear from the NAACP.” On Saturday, April 23, 2022, Attorney Gerald Griggs received more than 65 percent of the vote to become the next President of the Georgia NAACP. Griggs becomes the 13th President of the Georgia NAACP. For nearly 20 years, the Atlanta native has used activism and his profession to take on systemic injustices in the court system bringing two cases of police brutality involving Jimmy Atchison and...

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